DELL Stock Price Analysis Ahead of Earnings Release
In addition to Nvidia’s (NVDA) quarterly report, this week financial market participants are also closely watching Dell Technologies’ (DELL) earnings release, scheduled for Thursday, 29 May, after the close of the trading session.
According to analysts cited by the media:
→ the company’s revenue is expected to come in at $23.18 billion (compared to $22.24 billion in the same period last year, and $23.9 billion in the previous quarter);
→ particular attention will be paid to Dell’s business segment focused on manufacturing servers for AI applications.
Notably, DELL’s price chart shares several similarities with the NVDA chart we analysed yesterday.
Technical Analysis of DELL’s Share Price
Price movements have formed a downward channel (shown in red) that has remained valid since 2024. In a broader context, it resembles a bullish flag pattern, which typically signals the potential continuation of an uptrend — a scenario that seems increasingly likely given the following:
→ the DELL’s price is currently near the upper boundary of the channel;
→ the May price rally suggests strong demand for DELL shares. Note the confident breakout above the psychologically significant $100 level (highlighted by the arrow), accompanied by a bullish gap and a series of rising candlesticks.
It is possible that the upcoming earnings report will act as a catalyst, enabling the bulls to gather momentum and attempt a breakout from the prevailing downward channel.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
In addition to Nvidia’s (NVDA) quarterly report, this week financial market participants are also closely watching Dell Technologies’ (DELL) earnings release, scheduled for Thursday, 29 May, after the close of the trading session.
According to analysts cited by the media:
→ the company’s revenue is expected to come in at $23.18 billion (compared to $22.24 billion in the same period last year, and $23.9 billion in the previous quarter);
→ particular attention will be paid to Dell’s business segment focused on manufacturing servers for AI applications.
Notably, DELL’s price chart shares several similarities with the NVDA chart we analysed yesterday.
Technical Analysis of DELL’s Share Price
Price movements have formed a downward channel (shown in red) that has remained valid since 2024. In a broader context, it resembles a bullish flag pattern, which typically signals the potential continuation of an uptrend — a scenario that seems increasingly likely given the following:
→ the DELL’s price is currently near the upper boundary of the channel;
→ the May price rally suggests strong demand for DELL shares. Note the confident breakout above the psychologically significant $100 level (highlighted by the arrow), accompanied by a bullish gap and a series of rising candlesticks.
It is possible that the upcoming earnings report will act as a catalyst, enabling the bulls to gather momentum and attempt a breakout from the prevailing downward channel.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.